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Author Archives: Techme101
Adam Neumann makes a $500 million bid for WeWork that could hit $900 million if financing and diligence firm up
Adam Neumann has submitted an unsolicited bid in excess of $500 million to acquire WeWork out of bankruptcy, a person familiar with the matter told CNBC.
Bankrupt EV startup Arrival sold its assets to Canoo
Bankrupt commercial EV startup Arrival has sold some of its assets, including advanced manufacturing equipment to Canoo, another struggling startup trying to build and sell electric vehicles. The acquisition, which was touted as a cost-saving measure that will reduce capital … Continue reading
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Tagged TechCrunch
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Profluent, spurred by Salesforce research and backed by Jeff Dean, uses AI to discover medicines
Last year, Salesforce, the company best known for its cloud sales support software (and Slack), spearheaded a project called ProGen to design proteins using generative AI. A research moonshot, ProGen could — if brought to market — help uncover medical … Continue reading
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Here Comes the Flood of Plug-In Hybrids
New US emissions rules mean more plug-in hybrid cars are on the way. The electric vehicle tech is clean—but has a catch.
Software startup Recurrent helps used EV buyers know how much life is left in a vehicle
Recurrent aims to do for electric vehicle batteries what odometers do for fuel-powered cars: show the wear and tear on the battery and its future value.
Reddit shares rise 30% to start week after social media company’s IPO
Reddit shares climbed 30% to $59.80 at the market’s close on Monday.
Gartner Warns IAM Professionals Cyber Security Depends on Them
The rise of remote work, access via third-party providers and machine identities are just three reasons why cyber security depends on good identity and access management, Gartner has said.
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Maju Kuruvilla is out as CEO of one-click checkout company Bolt
Maju Kuruvilla is no longer CEO of one-click checkout company Bolt. He is replaced by Justin Grooms, Bolt’s global head of sales, who is now interim CEO, according to Grooms’ LinkedIn profile. Kuruvilla didn’t have much to say about the … Continue reading
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Fisker trading suspended by NYSE
The exchange said Monday that Fisker’s stock is “no longer suitable for listing” because of “abnormally low” price levels. © 2024 TechCrunch. All rights reserved. For personal use only.
Intel and AMD stocks fall on reports of Chinese restrictions on US chips
Intel and Advanced Micro Devices (AMD) witnessed their stock price fall more than 2% on Monday (Mar.25) following reports China would restrict the use of their chips and servers in government devices. The latest salvo in the ongoing chip trade … Continue reading